Dec 1, 2012 3:00am PST
to student loans? are they out there? joining us is rachel cruise financial speaker and writer for the dave ramsey organization. good to have you this morning. >> good to -- thanks for having me. >> all righty. so these federal lending programs are designed to make college education more affordable. basically what's happening is creating a pile of debt. >> that's right. so many students are believing the lie that you can't be a student without a student loan. so they are just assuming student loans are are the only way to go to college. >> seems obvious what the down sides would be but let's put them up on the screen how are people winding up with so much debt? are there things they don't realize going into it. >> i think so. an 18-year-old doesn't con piewt that they may graduate with $27,000 in debt. that's just. >> or more. >> that's just the average. >> and more. the average is coming out to $27,000. i don't think an 18-year-old really realizes how much money that actually is. which brings us to point 2. i feel like if i talk to the 21-year-old version of them they always say i wish i h
Dec 6, 2012 7:00am EST
a republican will cut it again. host: rachel in texas. caller: hello. i have two questions to ask. the expense it cost them to move overseas? can that be used as a deductible? our representatives are part of the 47%. what does that cost the taxpayers in taxes? what part of our taxes is paid in their insurance? guest: the answer to the first businessess that this are supposed to deduct all other expenses and that could include closing down a factory and opening up a factory overseas. it will include anything. so democrats have proposed a little change to the tax law which would prevent companies from being able to do that but it would raise that much money, unfortunately. i'm sorry about the other question about health insurance for lawmakers. host: thomas in winter park, florida. caller: good morning. thank you for taking my call. the current tax code is a descendant of the 16th amendment which says that congress should have the power to lay and collect taxes. if we eliminated the holding period for the sale of a capital asset, what do you think that would provide in terms of a taxable amount?